Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (CIF) - 2023
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (CIF) - 2023
In December 2023, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $3,482 per ton, which is down by -10% against the previous month. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in March 2023 an increase of 30% month-to-month. Over the period under review, average import prices hit record highs at $6,912 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($3,541 per ton), while the price for Romania totaled $2,275 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Romania (+0.4%).
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (FOB) - 2022
In 2022, the average export price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $5,732 per ton, increasing by 358% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $8,465 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +8.4% per year.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK
In 2022, imports of magnesium; raspings, turnings and granules, graded according to size, powderses into the UK expanded to 2.6K tons, surging by 3.1% compared with 2021. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses soared to $14M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 4.0 | 6.2 | 10.0 | 12.6% |
| Turkey | N/A | N/A | 1.1 | 2.5 | 127.3% |
| Switzerland | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Romania | N/A | N/A | N/A | 0.6 | 0% |
| Russia | N/A | 0.8 | N/A | 0.3 | -38.8% |
| Slovenia | 0.5 | 0.5 | 0.2 | N/A | -36.8% |
| Others | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Total | 7.9 | 5.7 | 8.2 | 14.4 | 22.2% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to the UK in 2022:
- China (1819.2 tons)
- Turkey (364.8 tons)
- Romania (262.9 tons)
- Russia (61.1 tons)
- Switzerland (43.8 tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK
In 2022, approx. 46 tons of magnesium; raspings, turnings and granules, graded according to size, powderses were exported from the UK; reducing by -66.1% on the year before. Overall, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 279%. As a result, the exports attained the peak of 136 tons, and then reduced dramatically in the following year.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses soared to $264K in 2022. Over the period under review, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 146 | 92.7 | 55.7 | 232 | 16.7% |
| Czech Republic | N/A | 59.4 | 67.9 | 2.4 | -79.9% |
| Hong Kong SAR | 10.7 | N/A | N/A | N/A | 0% |
| Germany | 28.2 | 3.1 | 1.4 | N/A | -77.7% |
| Romania | N/A | N/A | 12.3 | N/A | 0% |
| Others | 58.4 | 54.9 | 32.9 | 29.7 | -20.2% |
| Total | 243 | 210 | 170 | 264 | 2.8% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from the UK in 2022:
- Thailand (45.0 tons)
- Czech Republic (0.2 tons)
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